Insider Selling: WD-40 CFO Sells 1,229 Shares of Stock (WDFC)
WD-40 (NASDAQ:WDFC) CFO Jay Rembolt unloaded 1,229 shares of WD-40 stock on the open market in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $64.00, for a total transaction of $78,656.00. Following the completion of the sale, the chief financial officer now directly owns 25,688 shares in the company, valued at approximately $1,644,032. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Sidoti initiated coverage on shares of WD-40 (NASDAQ:WDFC) in a research note to investors on Thursday, August 15th. They set a “neutral” rating on the stock.
Shares of WD-40 (NASDAQ:WDFC) traded up 0.83% on Monday, hitting $64.61. 37,051 shares of the company’s stock traded hands. WD-40 has a one year low of $45.12 and a one year high of $64.82. The stock’s 50-day moving average is $59.99 and its 200-day moving average is $56.63. The company has a market cap of $989.4 million and a P/E ratio of 24.94.
WD-40 (NASDAQ:WDFC) last posted its quarterly earnings results on Monday, July 8th. The company reported $0.66 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.56 by $0.10. The company had revenue of $93.10 million for the quarter, compared to the consensus estimate of $89.45 million. During the same quarter last year, the company posted $0.57 earnings per share. On average, analysts predict that WD-40 will post $2.47 earnings per share for the current fiscal year.
WD-40 Company is a global consumer products company dedicated to delivering solutions for a range of maintenance needs of doer and on-the-job users.
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